" on Monday that whether or not the central bank would hike rates in June was a "close call." Even if the Fed decided not to increase rates then, its rate-hiking campaign may not be over, he added.on what could be next for interest rates. That comes after the Fed's latest rate decision and guidance sparked hopes among investors for a rate hike pause or even rate cuts later this year.
"I think the chance of the Fed raising rates further is now very limited, but I think it's very naive to assume that the Fed is going to cut interest rates," he said, adding that this is a possibility in 2024, "but certainly not in 2023."
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